The Fair Share Report
73 Ocean Gate Ave
Berkeley, NJ 07470
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $319,340 – $482,233, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $372,751 home should be assessed near $197,372.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $176,928 above what the ratio math suggests (89.6%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
30%123%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $4,582/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 67 STORM JIB CT | 2025-04 | $795,000 | 1,460 | 51.3% |
| 60 WOODSTOCK DR | 2026-03 | $320,000 | 1,440 | 50.4% |
| 16 ZAPATA CT | 2026-01 | $459,000 | 1,440 | 29.2% |
| 18 LEIGHTON CT | 2025-08 | $300,000 | 1,440 | 64.9% |
| 34 BEAVERBROOK DR | 2025-04 | $379,900 | 1,488 | 41.8% |
| 102 SANTIAGO DR | 2025-10 | $325,000 | 1,440 | 40.5% |
| 75 WHITMORE DR | 2025-09 | $530,000 | 1,514 | 41.4% |
| 6 FAIRFIELD RD | 2025-02 | $277,500 | 1,494 | 45.4% |
| 7 BEAVERBROOK DR | 2025-09 | $339,500 | 1,404 | 43.5% |
| 14 CORTLANDT DR | 2025-03 | $382,500 | 1,404 | 39.0% |
| 57 DREYFUS CT | 2025-04 | $375,000 | 1,494 | 45.4% |
| 82 SPINNAKER CT | 2025-11 | $735,000 | 1,401 | 50.6% |
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